Neo continues to climb, continuing its excellent start to 2019

Neo enjoys a second double-digit percentage point rise of the year already…

It’s not been too bad a start to the year for cryptocurrency. Prices have inched upwards, with Bitcoin threatening to recover some of the losses it experienced at the end of 2018. But whilst the likes of Bitcoin and Ethereum have been grabbing the lion’s share of the headlines it’s actually Neo that’s been enjoying a terrific start to the year.

The altcoin – sometimes known as the ‘Chinese Ethereum’ – has posted another double-digit price rise overnight, with its value according to the CryptoCompare chart sitting over 13% up across the last 24 hours. That’s not the first price rise of that size it’s enjoyed this year, either. It enjoyed a similar bump back at the start of the week. From its year-low of $7.62, Neo is currently trading at $9.71.

It’s even more impressive too when you consider that in mid-December, the price of the currency had slumped to $5.61. The rate it’s going, the price of Neo may well have doubled inside a month.

Here’s the last two weeks of data, from CryptoCompare. Note how the volume remains busy too across the time period…

By total volume over the past 24 hours, Neo has overtaken Bitcoin Cash to claw up to eighth place in the top ten coin charts. And whilst the overall market trend has been upwards this year, no other coin out there has had quite the start of the year that Neo is currently enjoying. The trick now is to sustain it…